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Disney CEO Says Companies Involved in Joint Venture Sports Streamer are Not Concerned About Lawsuits, DOJ Review

Speaking with CNBC this week, Disney chair Bob Iger said that his company, Fox and Warner Bros. Discovery have confidence they’ll beat Fubo’s lawsuit.

It’s nearly two months to the day since Disney, Fox, and Warner Bros. Discovery announced that a seismic shift in the world of sports broadcasting was coming. The three companies are planning to combine all of their live sports rights onto a new streaming platform that has a targeted launch date of fall 2024, but imposing hurdles like a Department of Justice antitrust review and a lawsuit from Fubo stand in its way. Despite those potential roadblocks, the tone struck by Disney CEO Bob Iger this week can best be described as unconcerned, as the executive seems to believe that the three companies do not have much to fear in terms of getting their new platform to market.

  • Speaking with CNBC this week, Iger said the three companies are proceeding as if the new streamer will “clear government scrutiny.”
  • He also referenced Fubo’s lawsuit, saying the partners are proceeding as if they will win in that case too.
  • The JV platform does not have a price or confirmed release date, but recently named a CEO.

It was only a matter of days after the announcement of the JV streamer before government regulators indicated that it would take a look at the product. The Department of Justice promised to review the streamer for antitrust violations, but according to Iger, the three companies teaming up for the service are not overly worried.

“We’re proceeding as though this is going to clear basically government scrutiny,” Iger told CNBC’s David Faber in an interview this week.

He struck a similarly ambivalent tone regarding the antitrust lawsuit filed against the JV streamer by Fubo. Fubo's suit was made public a few days after the DOJ review announcement, and the company’s CEO David Gandler has termed his struggle to stop the platform from ever reaching consumers as a “duel to the death.”

Iger did not reference Fubo or Gandler by name, but when Faber asked him about possible issues with the streamer raised by “potential competitors,” the Disney CEO used language similar to his answer about potential interference from the government.

“Well, we know that some [competitors] are raising the issues. We’re proceeding as though we’ll prevail,” Iger answered simply.

What Do the Experts Say About Possibility that Lawsuit, Regulators Shut Down JV Streamer?

There are still lots of unanswered questions about the JV streamer, and Iger declined to clear them up in his CNBC interview. He said that he had a sense of what the three companies would charge for the platform, but declined to share a specific number. Most estimates suggest that viewers will likely have to pay around $50 per month for the service. The platform recently named former Hulu and Apple TV+ exec Pete Distad as its CEO.

Whether the service will ever see the light of day amidst promised scrutiny from federal regulators and Fubo’s lawsuit is also yet to be seen, but the executives responsible for creating it are striking a tone of confidence. Iger’s opinion regarding the Fubo suit is reinforced by sports lawyer Chris Deubert, who explained in March that “antitrust law protects competition… not competitors.” Like Iger, Deubert is also unconvinced that the Fubo suit will end the way the plaintiffs would like.

In late February, New Street Research analyst Blair Levin wrote that the DOJ review was not likely to find the JV streamer violated antitrust laws. The three companies involved have plenty of friends at various levels of government on both sides of the aisle, and regulators are unlikely to see the platform as a threat to competition, Levin argues.

It seems these analysts and attorneys are on the same page with Disney’s top brass. Only time will tell if the DOJ review or the Fubo suit keep the JV streaming service from Disney, Fox, and WBD from reaching customers, but observers can count Disney chair Bob Iger as thoroughly unbothered by those obstacles.

Fubo

Fubo is a live TV streaming service with about 90 top channels that start at $79.99 per month. This plan includes local channels, 19 of the top 35 cable channels, and regional sports networks (RSNs). In total, you should expect to pay about $94.99 per month, after adding in their RSN Fee. Fubo was previously known as “fuboTV.”

The streaming service does not carry channels from WarnerMedia-owned (CNN, TBS, and TNT), A+E (A&E, History Channel, and Lifetime), and AMC Networks (AMC, BBC America, and WE tv). So, in our experience, if you are looking to watch the NBA, which heavily plays on TBS and TNT, you may want to look at another live TV streaming provider.

But for other sports fans, especially those who want to stream local sports, Fubo is a great option in our opinion. They recently announced adding Bally Sports RSNs to their channel lineup and it is the least expensive option to get RSNs in many markets like Altitude, AT&T Sports, Fox Sports, Marquee, MSG, NBC Sports, and NESN. (Take a look at the full list of Fubo’s sports channels.)

Fubo also includes MLB Network, NBA TV, NFL Network, NFL RedZone , NHL Network, and beIN Sports (which is not available on most services). You can add Fox Soccer Plus as part of the International Sports Plus add-on for $7/month.

You can add the Fubo Extra ($8) to add ~38 channels including GSN.

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Get Your First Month of Fubo for Only $74.99 (normally $95) after your Free Trial.


David covers the biggest news stories, live events, premieres, and informational pieces for The Streamable. Before joining TS, he wrote extensively for Screen Rant and has years of experience writing about the entertainment and streaming industries. He's a Broncos fan, streams on his Toshiba Fire TV, and his favorites include "Andor," "Rings of Power," and "Star Trek: Strange New Worlds."

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